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Statistics on the Extent of the Fraud

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(03-31) 04:00 PDT Washington — Americans lost a record amount to Internet fraud schemes last year, and the notorious “Nigerian 419″ scam is blamed for the largest individual losses.

A government report on 2006 Internet crimes also records the sudden emergence of extortionists who use e-mail to deliver ominous threats that grave consequences await unless money is sent.

The new federal statistics show that Americans reported losing an all-time high of $198.4 million to Internet fraud in 2006, up 8 percent from 2005 levels of $183 million and 191 percent from 2004 levels of $68 million.

So please before you think that Lady Luck smiled on you. Remember there is nothing called a free lunch. Such scammers are there, here and everywhere. Do not fall victim to them. Your money will be used in turn to snared others. Be honest and truthful to yourself and to others. Never believe in ill gotten gains, never be greedy. The best defence is not law, but your morals!

Written by Scam Busters

October 27, 2007 at 1:46 am

Statistics on the Extent of the Fraud

leave a comment »

(03-31) 04:00 PDT Washington — Americans lost a record amount to Internet fraud schemes last year, and the notorious “Nigerian 419″ scam is blamed for the largest individual losses.

A government report on 2006 Internet crimes also records the sudden emergence of extortionists who use e-mail to deliver ominous threats that grave consequences await unless money is sent.

The new federal statistics show that Americans reported losing an all-time high of $198.4 million to Internet fraud in 2006, up 8 percent from 2005 levels of $183 million and 191 percent from 2004 levels of $68 million.

So please before you think that Lady Luck smiled on you. Remember there is nothing called a free lunch. Such scammers are there, here and everywhere. Do not fall victim to them. Your money will be used in turn to snared others. Be honest and truthful to yourself and to others. Never believe in ill gotten gains, never be greedy. The best defence is not law, but your morals!

Written by Scam Busters

October 27, 2007 at 1:46 am

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